166
166
Jun 17, 2013
06/13
by
CNBC
tv
eye 166
favorite 0
quote 0
new china life insurance up. but on the whole losses in property and also lingering concerns over the economy offset these gains in some of the financial sectors. shrugging off weakness in the mainland, property place outperformed hong kong helping the hang seng gain 1.2% today. the sector rebounded for the second session after very sharp selloffs recently. so we may be seeing some bargain hunting here. and elsewhere in australia, banking shares helped at the sx 200 reversed earlier losses ending higher by 0.7%. but under pressure, down 0.3%. and some of the southeast asian markets also trading in the green at the moment. back to you, ross. >> all right, catch you later. joining me in the studio, co-ceo of wells fargo financial services. american stocks down three out of the last four, this after good gains this year. is sentiment going to be shifting around now over the next few months as we question the fed and japan? >> undoubtedly we'll continue to see a lot of volatility. just look at this morning. we have t
new china life insurance up. but on the whole losses in property and also lingering concerns over the economy offset these gains in some of the financial sectors. shrugging off weakness in the mainland, property place outperformed hong kong helping the hang seng gain 1.2% today. the sector rebounded for the second session after very sharp selloffs recently. so we may be seeing some bargain hunting here. and elsewhere in australia, banking shares helped at the sx 200 reversed earlier losses...
129
129
Nov 18, 2013
11/13
by
CNBC
tv
eye 129
favorite 0
quote 0
going to kick off the show, all about china growth. marginally beat expectations, 7.8% in the third quarter beat by the old china. the challenge for the country is whether it can change its economy to one driven by consumption. it was mapped out by the country's leaders on friday. some of the sweeping reforms included relaxing the one child policy, introducing welfare system reforms to help free movement of labor and encourage urbanization plus stepping up financial reforms to let market forces play a greater role. for more on the changes and controversial one child policy, eunice eun sent us this report. >> reporter: this family can have another child but they don't plan to take advantage. >> reporter: having two children costs too much. it also takes a lot of our energy. if we were to have another child time or money wise, it would be a heavy burden for us. >> reporter: that sentiment among young chinese is leading many here to believe china's decision to relax the one child policy won't lead to a baby boom. couples can have two chil
going to kick off the show, all about china growth. marginally beat expectations, 7.8% in the third quarter beat by the old china. the challenge for the country is whether it can change its economy to one driven by consumption. it was mapped out by the country's leaders on friday. some of the sweeping reforms included relaxing the one child policy, introducing welfare system reforms to help free movement of labor and encourage urbanization plus stepping up financial reforms to let market forces...
138
138
Feb 27, 2013
02/13
by
CNBC
tv
eye 138
favorite 0
quote 0
exports of venezuelaas to china -- venza will ship to china. toyota expects to be exporting 150,000 vehicles a year from the u.s. by 2014. 20% more than last year as demand by nouveau-rich consumers grow in these nations. back to you, ross. >> all right. thanks for that. >>> welcome to bizarre-o world. dennis rodman is in north korea. the former nba star arrived in pang young along with harlem globetrotters in tow to film a tv documentary. the trip hasn't been a total slam-dunk. rodman could have gotten his careers mixed up. he tweeted he might run to the "gangnam style" dude. they might have a north korean version, one never knows. if they do, i'd like to see it. >>> let's look at what's on the agenda in asia tomorrow. besides dennis rodman. as we mentioned, japan's government will present its nominees for central bank government deputies to parliament with all signs pointing to a new head of bank upon japan. >>> new delhi becomes the latest government to try promoting growth while balancing the books. >>> and china, everbright, shk properties
exports of venezuelaas to china -- venza will ship to china. toyota expects to be exporting 150,000 vehicles a year from the u.s. by 2014. 20% more than last year as demand by nouveau-rich consumers grow in these nations. back to you, ross. >> all right. thanks for that. >>> welcome to bizarre-o world. dennis rodman is in north korea. the former nba star arrived in pang young along with harlem globetrotters in tow to film a tv documentary. the trip hasn't been a total slam-dunk....
100
100
Oct 7, 2013
10/13
by
CNBC
tv
eye 100
favorite 0
quote 0
we know heavy smog plagued china. shares of china's fourth largest cole minor tumbled. >> thanks for that. that's where we stand in asia. we saw the dough 76 points. up 1 1. the dow is below fair value. the nasdaq is 29 points below fair value and the s&p is some 18 points below fair value. the commentary for the weekend, i don't have anything for stock market. ftse 300 is down a percent. we're now two hours into the trading day. foo ftse mid app performing again. it is down .25%. the coalition government survived very much intact with that confidence vote by silvio berlusconi. the senate committee has suggested he does get kicked out of parliament. that will go to a full vote. treasury yields. we have seen longer dated yields to come down. short-term interest rates have gone a little bit high. gilt yields fairly steady. the dollar is still down. no real extra pressure. equities have sold off. the dollar is kind of where we were on friday. euro dollar below 1.36. we hit last week, 1.37 was the high for the year. dolla
we know heavy smog plagued china. shares of china's fourth largest cole minor tumbled. >> thanks for that. that's where we stand in asia. we saw the dough 76 points. up 1 1. the dow is below fair value. the nasdaq is 29 points below fair value and the s&p is some 18 points below fair value. the commentary for the weekend, i don't have anything for stock market. ftse 300 is down a percent. we're now two hours into the trading day. foo ftse mid app performing again. it is down .25%. the...
176
176
Jul 31, 2013
07/13
by
CNBC
tv
eye 176
favorite 0
quote 1
the slowdown in china is a factor. china announced 300 million people will be moved from rural areas to cities over the next decade. that's going to create enormous pressure in china, one, to keep manufacturing more, but hopefully a much larger consumer marketplace for the united states to sell to as well. it could work out. we're in a period of transition. >> all right, fred, always good to speak to you. thank you for now. mark, thank you as well. nice to see you this morning, mark vintner from wells fargo. we'll take a short break. we're going to talk about the pulse of the u.s. housing market following a slew of key data. david blitzer will join us right after this. [ male announcer ] come to the golden opportunity sales event to experience the precision handling of the lexus performance vehicles, including the gs and all-new is. ♪ this is the pursuit of perfection. ♪ [ agent smith ] i've found software that intrigues me. it appears it's an agent of good. ♪ [ agent smith ] ge software connects patients to nurs
the slowdown in china is a factor. china announced 300 million people will be moved from rural areas to cities over the next decade. that's going to create enormous pressure in china, one, to keep manufacturing more, but hopefully a much larger consumer marketplace for the united states to sell to as well. it could work out. we're in a period of transition. >> all right, fred, always good to speak to you. thank you for now. mark, thank you as well. nice to see you this morning, mark...
172
172
Jan 4, 2013
01/13
by
CNBC
tv
eye 172
favorite 0
quote 0
pmi is in focus in china. let's get an update on what that has meant to asian markets. li sish win joins us right now. >> japan stole the show here in asia. the nikkei finally got a chance to react to the u.s. budget deal. the index finished nearly 3% higher to a 22-month peak, boosted by, you guessed it, the weak yen. automakers were on hire with toyota shares hitting their highest level since november 2008. more on that coming up later in the show. the kospi finished lower by .4%. elsewhere, shares eased by about the same as fomc sentiments weighed on sentiment. in hong kong, weakness in mill and blue chips dragged the hang seng lower by .3%. the shanghai composite failed to impress on its 2013 debut. around 2.2 trillion yuan worth of shares will access their lockup here in 2013 raising liquidity concerns. the latest pmi data says china's services sector continued to grow last month, but at its slowest pace in more than a year. understand use's sensex is still on the move by .1%. >> sixuan, thank you very much, indeed. the ftse made gains yesterday, close to a fresh 5
pmi is in focus in china. let's get an update on what that has meant to asian markets. li sish win joins us right now. >> japan stole the show here in asia. the nikkei finally got a chance to react to the u.s. budget deal. the index finished nearly 3% higher to a 22-month peak, boosted by, you guessed it, the weak yen. automakers were on hire with toyota shares hitting their highest level since november 2008. more on that coming up later in the show. the kospi finished lower by .4%....
135
135
Feb 15, 2013
02/13
by
CNBC
tv
eye 135
favorite 0
quote 0
the third major trend is china, the china story is getting bigger and bigger and bigger. not only that, the money is coming out of china rather than investing in u.s. treasury, it's chasing for the acquisitions of sf and equity stakes and various companies to earn higher returns and also gain larger market share. now, the fourth trend, of course, is the huge asian plus china kind of trade block. it's one of the largest in the world by population size. but it's also growing much faster compared with other markets. so all these four different trends trarns late for positive earning he in the region. >> where are the map opportunities, then, if you're looking from an investment angle? where would you see the sectors you get most of this transaction? >> right. right. so you would look at the region. what's happening is the rise of the middle class. in china, of course, at the country is changing from an export dependent economy to an economy of more balance towards internal consumption, i.e., underpinned by the rising middle class. and the same story you were saying around th
the third major trend is china, the china story is getting bigger and bigger and bigger. not only that, the money is coming out of china rather than investing in u.s. treasury, it's chasing for the acquisitions of sf and equity stakes and various companies to earn higher returns and also gain larger market share. now, the fourth trend, of course, is the huge asian plus china kind of trade block. it's one of the largest in the world by population size. but it's also growing much faster compared...
135
135
Jul 29, 2013
07/13
by
CNBC
tv
eye 135
favorite 0
quote 0
is that actually a big risk for china? >> it is definitely one of the concerns that you would want to see going forward. is that slowdown going to take place dramatically and this transition that's taking place from going away from stimulus-type programs in china towards more of, you know, depending less upon exports and more upon the domestic consumer. but china is, in many respects, in quite a good place. they've got strong policies. they've got very good, you know, trade balance. they've got very good reserves. and so they have a little bit more time, a little bit more of a luxury in being able to do these kinds of transitions which necessarily are going to take -- it's not going to be something that happens overnight. it's going to take three years, five years and even ten years or more. >> we're going to talk about the u.s. fairly shortly. but clearly, with china pegged to the dollar -- and there is this view -- i know the dollar-index is down, there is a view the dollar is going to get stronger. how much extra pressu
is that actually a big risk for china? >> it is definitely one of the concerns that you would want to see going forward. is that slowdown going to take place dramatically and this transition that's taking place from going away from stimulus-type programs in china towards more of, you know, depending less upon exports and more upon the domestic consumer. but china is, in many respects, in quite a good place. they've got strong policies. they've got very good, you know, trade balance....
128
128
Jun 14, 2013
06/13
by
CNBC
tv
eye 128
favorite 0
quote 0
gains were more muted in greater china. mainland banks struggled on cash crunch fears with the finance ministry struggling to sell nine month notes. chaico fell 7.5% to a 4 1/2 year low. it will be replaced on the hang seng after today. elsewhere, australia enjoyed its biggest daily gain for the esx 200 in 17 months as investors finally shrugged off fears the fed would end stimulus prematurely. that's your asian market minute. >> that was the wrap from asia. let's bring you up to speed with how that's translating into the futures right now. currently the dow is some 40 points above fair value. nasdaq at the moment is some 5 1/2 points above fair value. s&p at the moment is around four points above fair value after rebounding yesterday up 1 p.5%. that means the cnbc global 300 at the moment is about a third of a percent higher. ftse actually in the end was up yesterday only by five points. although it's been four down for european stocks generally. up .5% at the moment. ibex up .5%. lower bond yields in italy and spain. ftse
gains were more muted in greater china. mainland banks struggled on cash crunch fears with the finance ministry struggling to sell nine month notes. chaico fell 7.5% to a 4 1/2 year low. it will be replaced on the hang seng after today. elsewhere, australia enjoyed its biggest daily gain for the esx 200 in 17 months as investors finally shrugged off fears the fed would end stimulus prematurely. that's your asian market minute. >> that was the wrap from asia. let's bring you up to speed...
134
134
Jan 30, 2013
01/13
by
CNBC
tv
eye 134
favorite 0
quote 0
there's so much in western china -- western games have to dumb down. "world of war craft" is not allowed to have skeletons in china for some obscure reason. there's weird involvement at the micromanagement that's going to prevent local games from doing well locally and going global. we might see games designed for the foreign market which is easier to deal with for developers coming from china. >> a fascinating story. calling it again from beijing. operation blue sky, as he calls that, may be the next frontier in the gaming industry there. duncan, thank you very much. appreciate your time. >>> we've got consumer credit and borrowing/lending figures out of the u.k. better than we expected. net consumer lending up 1.7 billion. it was up .1 billion, about 100 million in november. mortgage approvals, 55,-785. 54,000 in november. that's the highest since january, 2012. stronger than expected, as well. signs, perhaps, that funding for lending has had an impact on margins. we mentioned mortgage approvals, it's better than expected. 55,000 still on a circle ba
there's so much in western china -- western games have to dumb down. "world of war craft" is not allowed to have skeletons in china for some obscure reason. there's weird involvement at the micromanagement that's going to prevent local games from doing well locally and going global. we might see games designed for the foreign market which is easier to deal with for developers coming from china. >> a fascinating story. calling it again from beijing. operation blue sky, as he...
152
152
Dec 19, 2013
12/13
by
CNBC
tv
eye 152
favorite 0
quote 0
but china markets were the laggers yet again. the shanghai composite extended its eight-day losing streak, ending down by almost 11%. lingering liquidity concerns weight on financials and developer stocks. the central banks said they din jex fukts after interbank money rates jumped, but did not specify by how much. the hang seng index lost ground down 1.1%. but the fed taper didn't dent investors appetite for ipos. five new offerings hit the markets today, including china's largest funeral services provider. that stock surged a 45% from its issue price leading a pack of trading gains in the city and this may bode well for china everbright banks ipo tomorrow, which is the biggest of the year at 2.6 billion u.s. dollars. so we'll be watching on that front. so that is a look at the asian markets. back to you, ross. >> all right. thanks for that, sixuan, joining us for the remainder of the show today. petro, good to see you. >> good morning. >> so the initial reaction has been we're not phased by tapering. rates are stale low. and it
but china markets were the laggers yet again. the shanghai composite extended its eight-day losing streak, ending down by almost 11%. lingering liquidity concerns weight on financials and developer stocks. the central banks said they din jex fukts after interbank money rates jumped, but did not specify by how much. the hang seng index lost ground down 1.1%. but the fed taper didn't dent investors appetite for ipos. five new offerings hit the markets today, including china's largest funeral...
155
155
Jan 16, 2013
01/13
by
CNBC
tv
eye 155
favorite 0
quote 0
i like china particularly because it's undervalued. i think they're going to benefit from the european story. >> we'll talk about what needs to happen in the bond markets, as well. >> yes. >> in relation to that. >> that's right. >> hold that thought. >> first, new car registrations in the european union did slump by 16% in december from the previous year. that's the sharpest decline since december, 2008, the dark days of the financial crisis. the u.k. was the only car market to record growth. demand in spain skidded by almost a quarter. italian new car registrations were down 22%. in germany even, they were down 16%. >> fascinating, isn't it? the u.k. -- everyone talks about the weakness in the u.k. economy. in the car sector, the only one -- >> did reasonably well. >> did reasonably well. >>> meanwhile, weak demand for european autos affected new car registrations, down 19.5% from the year earlier. the company wants to cut 17,500 jobs in france by 2016. stefan rejoin us from paris with more. >> it's about 14% of the work force renaul
i like china particularly because it's undervalued. i think they're going to benefit from the european story. >> we'll talk about what needs to happen in the bond markets, as well. >> yes. >> in relation to that. >> that's right. >> hold that thought. >> first, new car registrations in the european union did slump by 16% in december from the previous year. that's the sharpest decline since december, 2008, the dark days of the financial crisis. the u.k. was...
183
183
Sep 24, 2013
09/13
by
CNBC
tv
eye 183
favorite 0
quote 0
>> china in is a fascinating case. there's a lot of media coverage about companies trying to do deals, but, in fact, many chinese deals are domestic. so this the ones that get the media attention are the big ones that sound exciting. most chinese companies settle for consolidation. it's easier to some extent to stay at home, to do what you know. but yes, the media would always pick on that story. >> so you see a lot of chinese deals. >> yes. >> thank you so much, steve. steve allen from towers watson. >>> still to come, the celebrations are over and the hard work begins. can chance la angela merkel form a successful new government or will the success come with a sting in the tail? >> we will cross to berlin right after the break. we're back in two. >>> and here are your headlines from around the globe. german ifo rises. >> and the markets are buzzing over blackberry which lands a bid to go private for its biggest investor for nearly $5 billion. >>> the u.s. senate kicks off its debate over a budget deal. time is runnin
>> china in is a fascinating case. there's a lot of media coverage about companies trying to do deals, but, in fact, many chinese deals are domestic. so this the ones that get the media attention are the big ones that sound exciting. most chinese companies settle for consolidation. it's easier to some extent to stay at home, to do what you know. but yes, the media would always pick on that story. >> so you see a lot of chinese deals. >> yes. >> thank you so much, steve....
183
183
Oct 23, 2013
10/13
by
CNBC
tv
eye 183
favorite 0
quote 0
meanwhile, more concerns over china's banking system, as well. reports say the bad loans at its banks tripled from a year earlier. it adds chinese banks wrote off over $3 billion in uncollectible loans. this is where we stand at the moment. we are down. let's get more on this. li sixuan has the updwat for us out of singapore. si sixuan. >> thank you, ross. the nikkei 225 reversed morning gains, having its worst daily showing in about 20 days as the wronger yen hit exporter stocks. meanwhile, china markets lost ground with some profit taking, some smaller cap stocks lost evaluation. media and agricultural shares took the brunt of the selling. on the other hand, despite that low concerns, banksing shares, in fact, got a boost in the mainland on ping an's strong results. the shenzhen tumbled over 2%. meanwhile, chinese banking shares struggled in hong kong on possible concerns over bad debt write-off. the hang seng index lost 1.4% today. australia's asx 200 pulled back a bit, ending down by a modest 0.3%. now for a look at apple's asian suppliers, t
meanwhile, more concerns over china's banking system, as well. reports say the bad loans at its banks tripled from a year earlier. it adds chinese banks wrote off over $3 billion in uncollectible loans. this is where we stand at the moment. we are down. let's get more on this. li sixuan has the updwat for us out of singapore. si sixuan. >> thank you, ross. the nikkei 225 reversed morning gains, having its worst daily showing in about 20 days as the wronger yen hit exporter stocks....
223
223
Jan 17, 2013
01/13
by
CNBC
tv
eye 223
favorite 0
quote 0
trophies from selling sharp's china factor could help keep the balance sheet afloat. and down under the afs 200 climbed to a 20-month high after another rate cut after fairly weak job status. hcl technologies valued to some 12-year high as its q4 earnings reached forecasts. that's all from me. back to you. >>> a little news out of qatar with regard to boeing. qatar airways says it's grounding its boeing 787 dreamliner until further notice. we were earlier discussing who had the dreamliners. we had heard from india, japan and the u.s. >> and we hadn't heard from qatar and i think if europe is grounding it, asia is grounding it. how can you keep flying if everybody else around the world has grounded it? >> and now some of the other airlines are saying they could see a financial hit for this. >> poland loss says it's significant and they will seek to work out a cost and file a compensation claim for boeing. >> and this gets really interesting for boeing. can we show boeing shares? we know yesterday they were down about 3%. the federal aviation administration has issued a
trophies from selling sharp's china factor could help keep the balance sheet afloat. and down under the afs 200 climbed to a 20-month high after another rate cut after fairly weak job status. hcl technologies valued to some 12-year high as its q4 earnings reached forecasts. that's all from me. back to you. >>> a little news out of qatar with regard to boeing. qatar airways says it's grounding its boeing 787 dreamliner until further notice. we were earlier discussing who had the...
141
141
Apr 8, 2013
04/13
by
CNBC
tv
eye 141
favorite 0
quote 0
china says the situation is under control. it's watching hundreds of people who have been in contact with those affected. the government has ordered tens of thousands of birds to be k l culled as a precaution. china was down as much as 7% today before paring back losses. >>> tensions on the front remain high. south korea is warning of another nuclear missile launch within days. china's demands for an end to provocation appear to be falling on deaf ears. chery is in seoul and she joins us for more. hi, chery. >> hi, ross. it looks like this wednesday is going to be a crucial point in this week-long standoff between north korea versus other countries. so over the weekend, south korea's presidential office said that pyongyang might make additional provocations sometime around wednesday. plus, wednesday is the deadline that north korea has reportedly set for foreign embassies in pyongyang to clear out. although this is just according to the embassies of britain, rush ya and china at this point. and, of course, over the weekend, no
china says the situation is under control. it's watching hundreds of people who have been in contact with those affected. the government has ordered tens of thousands of birds to be k l culled as a precaution. china was down as much as 7% today before paring back losses. >>> tensions on the front remain high. south korea is warning of another nuclear missile launch within days. china's demands for an end to provocation appear to be falling on deaf ears. chery is in seoul and she joins...
154
154
May 14, 2013
05/13
by
CNBC
tv
eye 154
favorite 0
quote 0
. >>> plus, is china about to lose its limelight on the global stage? we have been deciding whether to look on the eu imposing trade tear yichs. >>> thanks, ross. kospi ended higher %. carmakers such as kia, hyundai and samsung enjoyed a nice rise. the shack high composite slipped 2 1.1% today. property stocks tumbled. the nikkei pulled back a modest 0.2% after profit taking in financials and real estate stocks. but sharp shares jumped nearly 5% ahead of its full year report card which came out after the bell. sony gained shares as well as kansai electric. kyushu soared, as well. their ratings spiking a high possibility as resumed nuclear power generation in the medium term. and we had plenty of coverage on this already. we'll be watching sony's shares tomorrow after the markets close. cnbc exclusively closed that u.s. investor third point called to break up the company and we'll follow that story closely. back to you. >> all right, sixuan, we'll catch you later. right now, 6 to 4 decliners outpacing advancers at the time moment on the ftse 100. the xet
. >>> plus, is china about to lose its limelight on the global stage? we have been deciding whether to look on the eu imposing trade tear yichs. >>> thanks, ross. kospi ended higher %. carmakers such as kia, hyundai and samsung enjoyed a nice rise. the shack high composite slipped 2 1.1% today. property stocks tumbled. the nikkei pulled back a modest 0.2% after profit taking in financials and real estate stocks. but sharp shares jumped nearly 5% ahead of its full year report...